Darden Restaurants to Acquire Chuy's Tex-Mex Chain in $605 Million Deal
Wednesday, 17 July 2024, 22:21
Acquisition Announcement: Darden Restaurants to Buy Chuy's Tex-Mex Chain
Darden Restaurants, the owner of Olive Garden, has revealed its intention to acquire the renowned Chuy's Tex-Mex restaurant chain in a deal valued at $605 million. This strategic move underscores Darden's commitment to expanding its portfolio and market reach, tapping into the popularity of Tex-Mex cuisine.
Key Details of the Acquisition
- Darden Restaurants, the parent company of Olive Garden, is set to acquire Chuy's Tex-Mex chain for $605 million.
- In a significant market move, Darden aims to enhance its offerings and market presence through the acquisition.
- The deal is expected to influence the landscape of the restaurant industry and the competitive positioning of both brands.
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